A CPA may be liable to any purchaser of a security if the CPA issued a clean opinion on materially misstated financial statements. The CPA usually will not be liable to the purchaser ________.
A) if the purchaser is guilty of contributory negligence
B) unless the purchaser can prove scienter on the part of the CPA
C) if the CPA can prove due care in the audit
D) unless the purchaser can prove privity with the CPA
C) if the CPA can prove due care in the audit
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Silva is considering a position in a company that promotes itself as being focused on spirituality in business. Spirituality, in this context, refers to:
A) Commitment to one of several organized religions. B) An individual's sense of peace or purpose with him/herself and the connection to others and even nature that provides meaning to life and a sense of one's self. C) Religious commitment is a core element of managerial decision making. D) Religious activism. E) The business itself is focused on provision of religious goods or services.
Joe's Barbecue negotiated a lease for space in a strip mall with Diamond Enterprises, the owner of the strip mall. During negotiations for the lease, the agent for Diamond told Joe that the crime rate in the area was very low and that the strip mall had not experienced any criminal activity. The agent also told Joe that the strip mall had surveillance cameras that were not readily visible, but
that were running 24 hours per day. Two months after Joe opened for business, assailants entered his restaurant, robbed his customers, and shot Joe. Joe filed suit against Diamond because he learned that there were no surveillance cameras and that two other stores in the shopping center had experienced similar incidents. Diamond has an exculpatory clause in its lease that reads: shareholders, directors, officers, agents, employees, and staff of Diamond shall not be held liable for any damage or loss of property or injury from any cause whatsoever, including, but not limited to, fire, theft . . . ?The exculpatory clause in the lease is: A) Void. B) Voidable. C) Enforceable. D) Too narrow to be valid.
Registration of a prospectus for a new stock offering becomes effective:
a. 60 days after being filed b. 30 days after it is filed c. between 15 and 20 days after it is filed d. within a week of being filed e. none of the other choices are correct
If 14:00 shows on a 24-hour clock, the converted time is 4 p.m
Indicate whether the statement is true or false.